Press release
Capstone CELEBRATES 15 YEARS AS Leading Captive Insurance Manager
Captive insurance manager Capstone Associated Services, Ltd. today announced its 15th anniversary.Houston, TX, November 20, 2013 -- Captive insurance manager Capstone Associated Services, Ltd. today announced its 15th anniversary. Capstone began in November 1998 with the formation of four captive insurance companies. Capstone facilitates clients’ creating a pre-tax reserve against future losses, while at the same time developing the potential for a significant profit. Today, Capstone is the largest U.S. third party administrator of property & casualty insurers for closely-held middle market companies in the nation.
Capstone also reports strong record growth among middle market clientele. "Our continued growth is a reflection of the broadening acceptance of alternative risk planning beyond the larger, publicly held companies where captive planning is commonplace," says Clete Thompson, Vice President of Business Development for Capstone. Capstone’s clients are located in 28 different states, with insureds’ operations throughout the United States.
Late last year, Capstone announced its 120th captive formation. This year, Capstone will approach 150 captive formations. “The utilization of captives among middle market companies over the past decade has been consistent and incremental,” said Thompson.
"Forming a captive is among the best risk management and financial planning tools available for middle market businesses. Capstone is proud to be the nation's premier provider of turnkey captive insurance services to middle market companies, offering turnkey services in cooperation with our affiliated tax and corporate law firm.”
A captive insurance company offers middle market businesses multiple benefits: “Capstone's clients use alternative risk financing strategies to reduce insurance costs, improve risk management, customize coverages and increase cash flow,” says Helen Nguyen, CIC, CPCU, ARM, Capstone’s Vice President of Insurance Operations.
“Over 90% of Fortune 1000 companies and many successful mid-market companies have captives,” says Nguyen. “It is estimated that over 50% of all property & casualty premiums are written through captives.”
About Capstone:
Capstone Associated Services, Ltd.,www.CapstoneAssociated.com, is the leading U.S. provider of turnkey alternative risk planning services to middle market companies. Jointly with our affiliated law firm, The Feldman Law Firm LLP, www.feldlaw.com, Capstone administers property & casualty insurance companies which provide alternative risk financing services to their affiliates.
About Capstone:
Capstone Associated Services, Ltd.,www.CapstoneAssociated.com, is the leading U.S. provider of turnkey alternative risk planning services to middle market companies. Jointly with our affiliated law firm, The Feldman Law Firm LLP, www.feldlaw.com, Capstone administers property & casualty insurance companies which provide alternative risk financing services to their affiliates.
Contact:
Paul McHugh
RSL Funding, LLC
Two Post Oak Central
1980 Post Oak Blvd., Suite 1900
Houston, TX
Mobile: 877-850-5600
Fax: 877-850-8700
pmchugh@rslfundingllc.com
http://www.rslfundingllc.com
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